Wall Street drifts to more records after Chinese stocks soar

U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The Standard & Poor's 500 index rose 0.3% to set an all-time high for the 41st time this year. The movements were tentative, though, and the index wavered up and down after a surprisingly weak report released in the morning on confidence among U.S. consumers. The Dow Jones industrial average added 0.

2% after the seller of auto replacement parts and accessories said a key measure of its sales performance among its U.S. stores barely grew during the latest quarter. It was part of an underwhelming report where its profit and revenue both fell short of analysts’ expectations. AutoZone said it’s continuing to see customers at its U.S. stores delay purchases of nonessentials. Another company that depends on the appetite of U.S. shoppers for nonessentials, Thor Industries, rose 6.

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